TCL Electronics considers selling stake in Indian TV business. The Chinese manufacturer is working with advisers to raise at least $200 million from the stake sale in preliminary discussions that may not result in a deal. This move mirrors Haier's strategy of selling a 49 percent stake in its Indian unit to Bharti Enterprises and Warburg Pincus last year. TCL's stock has surged approximately 70 percent over the past 12 months in Hong Kong trading, with a notable 30 percent rally in recent weeks following the company's announcement of a television manufacturing joint venture with Sony Group. The stake sale would support TCL's growth ambitions in India's competitive consumer electronics market.
